Commonwealth Equity Services Inc decreased its position in shares of Aflac Incorporated (NYSE:AFL) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,303 shares of the financial services provider’s stock after selling 2,256 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Aflac were worth $8,163,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aflac during the 2nd quarter valued at about $358,000. Keybank National Association OH boosted its position in shares of Aflac by 242.1% during the 2nd quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock valued at $9,960,000 after acquiring an additional 90,741 shares during the last quarter. New Amsterdam Partners LLC NY acquired a new position in shares of Aflac during the 2nd quarter valued at about $531,000. Delta Lloyd Asset Management N.V. acquired a new position in shares of Aflac during the 2nd quarter valued at about $3,306,000. Finally, Coho Partners Ltd. boosted its position in shares of Aflac by 85.3% during the 2nd quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock valued at $169,881,000 after acquiring an additional 1,006,477 shares during the last quarter. 66.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aflac Incorporated (AFL) traded down $0.46 on Friday, hitting $83.85. 1,476,394 shares of the stock traded hands, compared to its average volume of 1,786,466. The firm has a market capitalization of $33,240.00, a PE ratio of 12.50, a PEG ratio of 2.49 and a beta of 1.00. Aflac Incorporated has a 1-year low of $66.50 and a 1-year high of $85.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.07 and a quick ratio of 0.07.
Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.07. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a net margin of 12.49% and a return on equity of 12.87%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. equities research analysts forecast that Aflac Incorporated will post 6.76 EPS for the current year.
Aflac announced that its board has authorized a share buyback program on Tuesday, August 8th that permits the company to buyback 40,000,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a boost from Aflac’s previous quarterly dividend of $0.43. Aflac’s dividend payout ratio is currently 26.12%.
In related news, insider Audrey B. Tillman sold 310 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total transaction of $25,906.70. Following the sale, the insider now directly owns 41,937 shares in the company, valued at $3,504,675.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas Wayne Johnson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total transaction of $125,370.00. Following the sale, the director now owns 13,733 shares in the company, valued at $1,147,804.14. The disclosure for this sale can be found here. Insiders have sold 28,709 shares of company stock worth $2,404,680 in the last three months. Corporate insiders own 3.00% of the company’s stock.
A number of research firms have commented on AFL. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Citigroup Inc. cut shares of Aflac from a “neutral” rating to a “sell” rating and decreased their target price for the company from $82.00 to $77.00 in a research report on Tuesday, September 26th. B. Riley reaffirmed a “neutral” rating on shares of Aflac in a research report on Monday, November 6th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $82.00 target price on shares of Aflac in a research report on Thursday, September 28th. Finally, BidaskClub cut shares of Aflac from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $79.63.
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Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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